bank discount : Dictionary / Wörterbuch (BEOLINGUS, TU Chemnitz)

English Dictionary: bank discount	by the DICT Development Group
3 results for bank discount
From WordNet (r) 3.0 (2006) [wn]:
bank discount n interest on an annual basis deducted in advance on a loan Synonym(s): discount rate, discount, bank discount
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
Bank discount \Bank discount\ A sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it becomes due.
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
Discount \Dis"count`\, n. [Cf. F. d[82]compte. See {Discount}, v. t.] 1. A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted. 2. A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money. 3. The rate of interest charged in discounting. {At a discount}, below par, or below the nominal value; hence, colloquially, out of favor; poorly esteemed; depreciated. {Bank discount}, a sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it become due. {Discount broker}, one who makes a business of discounting commercial paper; a bill broker. {Discount day}, a particular day of the week when a bank discounts bills. {True discount}, the interest which, added to a principal, will equal the face of a note when it becomes due. The principal yielding this interest is the present value of the note.